Today S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators. If Binance lose in this case then whole market gonna be drop drastically, I hope this doesn't get as bad as I imagine it to get.
Even if the government stopped Binance from operating there will be nothing to be felt on the bitcoin network except for other cryptocurrencies which have been using their platform for their own money, promotional offers and many more on the exchange, i will also pity those that will be having their asset on them, because everythingay end as sooner as possible if they succeeded into victory over the exchange.